IEA Forecasts 710 GW Solar and Wind by 2028

16 Jan 2024 CW Team

The International Energy Agency (IEA) anticipates a significant surge in solar and wind capacity, projecting a cumulative total of 710 gigawatts (GW) by the year 2028. This optimistic forecast underscores the global momentum towards adopting and expanding renewable energy sources, particularly solar and wind, as countries strive to meet sustainability goals and address climate change challenges.

The IEA's projection suggests a substantial increase in installed capacity over the next few years, reflecting the ongoing shift towards cleaner and more sustainable energy solutions. This trend is fueled by the increasing competitiveness of solar and wind technologies, favourable policies, and growing recognition of the environmental benefits associated with renewable energy.

As nations worldwide intensify their efforts to reduce carbon emissions and transition to a greener energy landscape, the IEA's forecast provides insights into the accelerating pace of renewable energy deployment. The expected growth in solar and wind capacity not only signifies a positive trend in the global energy sector but also emphasises the crucial role these renewable sources play in achieving a more sustainable and low-carbon future.

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